Main Principles of Organizing Risk Management

Risk management contains all actions, which are connected to setting up targets, identification of risks, measurement, review, handling, reporting, follow-up, monitoring and reacting to risks.

The Aim of Risk Management of the Company Is to:

systematically and thoroughly identify and assess all major risks, which threaten the achievement of objectives, including risks related to business operations, property, agreements, competence, currencies, financing and strategy;

optimize business opportunities and secure continuation of business;

recognize and identify uncertainties and subsequently develop the prediction of risks and measures needed to manage risks;

take only calculated and assessed risks with respect to e.g. expanding the business, increasing market share and creating new businesses;

avoid or minimize liability risks;

ensure the safety of products, solutions and services;

establish a safe working environment for the employees;

minimize possibilities for unhealthy occurrences, crimes or misconduct by operating procedures, control and supervision;